Alma Media to strengthen its financial position
Alma Media Corporation Stock Exchange Release 10 August 2009 at 9:00
ALMA MEDIA TO STRENGTHEN ITS FINANCIAL POSITION
Alma Media Corporation has signed a two-year credit facility for EUR 50 million with Nordea Bank Finland plc. The purpose of the credit facility is to further strengthen the financing structure and liquidity of Alma Media Group and to diversify the range of available financial instruments.
In 30 June 2009, Alma Media's interest-bearing net debt amounted to EUR 0.3 million and gearing ratio was 0.4%.
ALMA MEDIA CORPORATION
Vice President, Corporate Communications and IR
For further information, please contact:
Alma Media Corporation, CFO Tuomas Itkonen, tel. +358 50 381 0875
Alma Media in brief
Alma Media is a profitably growing and internationally expanding company that invests in the future of newspapers and online media. Its best known products are the Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.
Net sales in 2008 totalled EUR 341 million and the operating margin was over 14%. The company's share is listed in the Mid Cap segment of the NASDAQ OMX Helsinki. Read more: www.almamedia.com
- Date: 10.8.2009, 11:00
- News type: Stock exchange release
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